Effective November 1, 2018, in separate statements Yale® and Hyster® brands will implement a surcharge on customer orders for products up to 19,000 lbs. There was no mention of the percentage of increase in either releases.
"The reason for the increase is due to steadily increasing costs from freight providers, struggling with crippling driver shortages and demands for high salaries, and the ripple effect of recently imposed tariffs on steel, aluminum and durable goods have resulted in escalating cost inflations in both the upstream and downstream supply chain." both statements said.
Both Yale® and Hyster® said that while the long-term impact of these inflationary pressures is uncertain, Yale®/Hyster® remains committed to providing customers with best-in-class quality products at the best possible price.